Notification of dividend / distribution
Notification of dividend / distribution
Update Summary
Entity name
SPARK INFRASTRUCTURE GROUP
Security on which the Distribution will be paid
SKI - STAPLED $0.65 LOAN NOTE AND UNIT US PROHIBITED
Announcement Type
Update to previous announcement
Date of this announcement
Tuesday September 10, 2019
Reason for the Update
Item 4A.6 updated with DRP Price.
Additional Information
Key Dates
Distribution Ex-date - Tuesday, 3 September 2019
DRP pricing period commences (5 trading days) - Tuesday, 3 September 2019
Distribution Record Date - Wednesday, 4 September 2019
DRP Record Date - Thursday, 5 September 2019
Distribution Payment Date - Friday, 13 September 2019
DRP Allotment Date - Friday, 13 September 2019
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
SPARK INFRASTRUCTURE GROUP
1.2 | Registered Number Type | Registration Number |
14116940786 | ||
ABN | ||
1.3 | ASX issuer code | |
SKI |
1.4 The announcement is
Update/amendment to previous announcement
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Notification of dividend / distribution
1.4a Reason for update to a previous announcement
Item 4A.6 updated with DRP Price.
1.4b Date of previous announcement(s) to this update
Tuesday August 27, 2019
1.5 Date of this announcement
Tuesday September 10, 2019
1.6 ASX +Security Code
SKI
ASX +Security Description
STAPLED $0.65 LOAN NOTE AND UNIT US PROHIBITED
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
Sunday June 30, 2019
2A.4 +Record Date
Wednesday September 4, 2019
2A.5 Ex Date
Tuesday September 3, 2019
2A.6 Payment Date
Friday September 13, 2019
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
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Notification of dividend / distribution
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
AUD 0.07500000
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?
No
Estimated or Actual?
Actual
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We have a Dividend/Distribution Reinvestment Plan (DRP)
2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?
2A.11a(i) DRP Status in respect of this dividend/distribution
Yes | Full DRP |
2A.12 Does the +entity have tax component | |
information apart from franking? | |
Yes |
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution | 3A.1a Ordinary dividend/distribution estimated |
estimated at this time? | amount per +security |
No | AUD |
3A.1b Ordinary Dividend/distribution amount per | |
security | |
AUD 0.07500000 | |
3A.2 Is the ordinary dividend/distribution | |
franked? | |
No | |
3A.3 Percentage of ordinary | |
dividend/distribution that is franked | |
0.0000 % | |
3A.4 Ordinary dividend/distribution franked | 3A.5 Percentage amount of dividend which is |
amount per +security | unfranked |
AUD 0.00000000 | 100.0000 % |
3A.6 Ordinary dividend/distribution unfranked | |
amount per +security excluding conduit foreign | |
income amount | |
AUD 0.07500000 | |
3A.7 Ordinary dividend/distribution conduit | |
foreign income amount per security | |
AUD 0.00000000 | |
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Notification of dividend / distribution
Part 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).
The interim distribution of 7.5 cps is payable on 13 September 2019 and consists of 3.5 cps interest on Loan Notes for the period and 4.0 cps capital distribution. Further information can be found in Spark Infrastructure's Tax Guide 2019 at https://www.sparkinfrastructure.com/sites/sparkinfrastructure.com/files/19114_spark_tax_guide_v1.1.pdf
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of
4A.3 DRP discount rate
election notices to share registry under DRP
Thursday September 5, 2019 17:00:00 | 2.0000 % |
4A.4 Period of calculation of reinvestment price | |
Start Date | End Date |
Tuesday September 3, 2019 | Monday September 9, 2019 |
4A.5 DRP price calculation methodology |
Average market price of stapled securities based on the average of the daily volume weighted average price of stapled securities traded on the ASX during the pricing period, unless Spark believes this is not a fair market price, in which case the allocation price will be determined by an independent expert.
4A.6 DRP Price (including any discount): | 4A.7 DRP +securities +issue date |
AUD 2.12740 | Friday September 13, 2019 |
4A.8 Will DRP +securities be a new issue?
Yes
4A.8a Do DRP +securities rank pari passu from +issue date?
Yes
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
No
4A.11 Are there any other conditions applying to DRP participation?
No
4A.12 Link to a copy of the DRP plan rules
https://sparkinfrastructure.com/investor-centre/distributions
4A.13 Further information about the DRP
The DRP will not be underwritten. Securityholders should submit DRP application forms for participation in the DRP in respect of the interim 2019 distribution by 5.00pm on Thursday, 5 September 2019.
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Notification of dividend / distribution
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
Interim 2019 Distribution
The Board has declared an interim cash distribution for 2019 of 7.5 cps. The interim distribution is payable on 13 September 2019 and consists of 3.5 cps interest on Loan Notes for the period and 4.0 cps capital distribution.
5.2 Additional information for inclusion in the Announcement Summary
Key Dates
Distribution Ex-date - Tuesday, 3 September 2019
DRP pricing period commences (5 trading days) - Tuesday, 3 September 2019
Distribution Record Date - Wednesday, 4 September 2019
DRP Record Date - Thursday, 5 September 2019
Distribution Payment Date - Friday, 13 September 2019
DRP Allotment Date - Friday, 13 September 2019
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Spark Infrastructure Group published this content on 10 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2019 09:06:02 UTC